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Caldas Gold Announces CA$45 Million Bought Deal Private Placement of Special Warrants
TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC) announced today that it has entered into an agreement with Scotiabank and Canaccord Ge
About this update from Aris Mining Corp
[{"type":"text","content":" TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC) announced today that it has entered into an agreement with Scotiabank and Canaccord Genuity Corp., as co-lead underwriters (the “Co-Lead Underwriters”) and on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 20,000,000 special warrants of Caldas Gold (the “Special Warrants”) at an issue price of CA$2.25 per Special Warrant (the “Issue Price”) to raise aggregate gross proceeds of CA$45,000,000 (the “Offering”). Caldas Gold has granted the Underwriters an option, exercisable by the Co-Lead Underwriters on behalf of the Underwriters, at any time up to 48 hours prior to the Closing Date (defined below), to purchase up to an additional 2,222,222 Special Warrants at the Issue Price for additional gross proceeds of approximately CA$5,000,000. Serafino Iacono, Chairman and CEO of Caldas Gold, commented, “We are very pleased to announce this Offering and complete another step in securing the financing required to fund the expansion of Caldas Gold’s mining operations in the Deeps Zone at its Marmato Project located in the Department of Caldas, Colombia. The marketing of the previously announced Gold Linked Notes continues, with positive feedback to date, and we expect to finalize terms shortly, with an announcement on the expected closing of the Notes offering to follow soon thereafter.” Caldas Gold is also pleased to announce that Wheaton Precious Metals Corp.’s wholly owned subsidiary, Wheaton Precious Metals International Ltd. (“Wheaton”), with which it has signed a non-binding term sheet for a precious metals streaming arrangement, has also indicated that it or an affiliate will subscribe for up to CA$5,000,000 pursuant to the Offering, further demonstrating Wheaton’s support and commitment to Caldas Gold’s expansion of the Marmato Project. Each Special Warrant will entitle the holder thereof to receive one unit of Caldas Gold (a “Unit”) on the exercise or deemed exercise of the Special Warrant, with each Unit comprising one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), subject to adjustment in certain events to be set out in the indenture governing the Spec...